LRR Energy, L.P.

LRR Energy, L.P. (NYSE: LRE) ("LRE" or "LRR Energy") announced today that it closed its previously announced acquisition of oil and natural gas properties in the Mid-Continent region in Oklahoma from its sponsor, Lime Rock Resources, for a purchase price of $21.0 million subject to customary purchase price adjustments. In addition, as part of the transaction, LRE acquired in the money commodity hedge contracts valued at approximately $1.8 million.

LRE funded the acquisition with borrowings under its revolving credit facility. LRE has $200 million of outstanding borrowings under its revolving credit facility and $50 million of outstanding borrowings under its term loan as of January 3, 2013. LRE has an additional $50 million available under its credit facility which management believes provides ample financial flexibility to execute our capital program and distribution strategy.

As part of the transaction, LRE acquired the following crude oil and natural gas hedges:

Index

2013

2014

2015

Natural gas positions

Price swaps (MMBTUs)

NYMEX-HH

248,950

200,916

173,676

Weighted average price

$

5.23

$

5.58

$

5.96

Oil positions

Price swaps (BBLs)

NYMEX-WTI

39,794

28,176

22,128

Weighted average price

$

101.30

$

100.01

$

98.90

About LRR Energy, L.P.

LRR Energy is a Delaware limited partnership formed in April 2011 by affiliates of Lime Rock Resources to operate, acquire, exploit and develop producing oil and natural gas properties in North America. LRR Energy's properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas.